Answer:
$1,560 and $0
Explanation:
According to the accrual method of accounting, the revenue should be recognized when it is realized or when the sale is made not when the cash is received
Since Digby delivers 104 units in April
So for the March income statement, the amount is
= 104 units × $15
= $1,560
And, for the April income statement, it would be zero as the total units order received in March only
Answer:
buildup the amount of their reserves
Explanation:
Based on the information provided within this question it can be said that in order to address this problem, insurance companies typically buildup the amount of their reserves. By doing this the company's have a sort of "escape plan" allowing them to pay these excess costs that they would otherwise not be able to pay since it exceeds the amount that they are making.
Answer:
The answer is given below;
Explanation:
Legal Expenses Dr.$9,000
Patent (40,000+2,500) Dr.$42,500
Advertising Expense Dr.$80,000
Cash Cr.$131,500
Please note that legal and other fees for transfer of patent is capitalized in patent cost.
The compound entry is made to simplify the T-Account of cash as the second impact of every debit entry is cash.
Answer: 1. 1. By studying patterns that recur in different eras, he can see what management tools will work best in his company's environment.
2. Social
Explanation:
1. It is often said that without knowing where we've been, we cannot know where we are going. This is why History in a general sense is important, it enables us know how things were done in the past so that we may know how to do things now. Specifically to Management, when the CEO studies the history of Management, he can see where Management has been, he can see what strategies have worked and which happens and in what conditions those strategies worked. After studying these patterns and strategies, he can then figure out how best to manage his current Environment based on those.
2. Social change refers to how the Environment of a Variable has changed in terms of what is expected of the people in it. What new norms or Cultural practices are now held in high regard as opposed to previous times.
Millennials have different values from those of the previous generations which means that there has been a Social Change that managers have to adapt to in order to be able to best achieve Organizational goals.
Option d is correct. To be enforceable, the contract should be in writing and identify the quantity.
All contracts must be in writing to be enforceable under the Statute of Frauds. If the contract makes performance conceivable within any specific time frame, it must be in writing to be enforceable. Any agreement concerning property must be in writing in order to be upheld.
An anticipatory repudiation is seen as a significant contract breach when it takes place.
A second agreement that satisfies the legal requirements for a contract must be made by the parties in order to rescind an earlier agreement. Through novation, a contractual obligation cannot be released.
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